State pension second worst in Europe

THE State pension in Ireland is the second worst in Europe after Britain.

As a result, up to 900,000 Irish workers — nearly half theexisting workforce — are heading into a bleak retirement.

The State pension provides just 32.5% of the average industrial wage compared with 60% for many European countries, apart from Britain. At €200 per week for a single person that is more than €3 below the poverty line.